Answer  the following problems

problem 1) describe the need and importance of insurance as a social security tool.

problem 2) Describe the code of conduct for insurance agents as prescribed by IRDA.

problem 3) Describe the different principles of life insurance.

problem 4) Differentiate between financial and medical underwriting.

problem 5) prepare brief note on the following:

i) Benefits of online insurance policy.

ii) Loss covered under marine insurance.

iii) Cancellation of agent’s license.

iv) Pension Plan